Let’s look at GS’s CEO salary for 5/3/07, 4/30/08 and 4/22/09 (source, Forbes CEO Compensation). In 07 it was $37 million. In 08 it was practically doubled to $74M, even though the bank sector was already experiencing considerable distress. That spring 43% of the stockholders voted for a Proposal that would give them and advisory vote on executive compensation, this when the top 3 executives of GS had salaries above $65 million. Guess they got a little scared, because the 09 salary was merely $26 million. The banksters still don’t get it.
RE: Goldman CEO Salary
As long as Goldman Sachs earned their money the HONEST way, without taking anything from tax payers, I don’t care how much they pay their CEO’s or the bonuses they give.
It is DISHONEST dealings and making use of government insider information and then asking tax payers to bail them out ( e.g. the AIG CDS deal that went sour) that bothers me.
Let’s look at Goldman’s CEO salary for 5/3/07, 4/30/08 and 4/22/09 (source, Forbes CEO Compensation). In 07 it was $37 million. In 08 it was practically doubled to $74M, even though the bank sector was already experiencing considerable distress. That spring 43% of the stockholders voted for a Proposal that would give them and advisory vote on executive compensation, this when the top 3 executives of GS had salaries above $65 million.
Jesus!
Well, maybe that’s not the best word ...